Funding arb · Price arb /

GLW

RWAall GLW markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0050%/8h= +5.4% APRpaid last 24h +0.020%

Price spread now: QFEX against Bybit−0.043%7-day average +0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$740.743% of the position

Long on Bybit Short on QFEX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.107%+$11 on $10k

Price spread, last 4 days (all we have)+0.170%+$17 · spread now −0.043%, 7d avg +0.031%

Together, before fees+0.276%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. QFEX is 0.074% cheaper against Bybit than usual: you would sell low and buy high (spread −0.043% now, against its 7-day average of +0.031%). If the spread goes back, that is −$7 on $10k: about 5.0 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit GLWUSDT	160.92	0	get 0.0000% / 8h	3h 44m	$923K	$200K	25x
Short	QFEX GLW-USD	160.85	0.0050	get 0.0006% / 1h	44m 41s	$1.1M	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

QFEX against Bybit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BybitbpFee QFEXbpOrdersPrice spread, now −0.043%Rate

Funding earned: $10.43
Price spread: −0.043% → +0.031%: −$7.41
Slippage, 4 orders: −$53.25
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee QFEX: 5 bp × 2 orders: −$10
Net: −$71.22
Costs to cover: 0.743%
Break-even: 54.8 days

Slippage from Bybit: live order book, 6 min ago; QFEX: live order book, 7 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 6 min ago	2.17 bp	18.8 bp −$19	187.3 bp −$1,873	doesn't fit	doesn't fit
Sell QFEX live order book, 7 min ago	1.24 bp	6.2 bp −$6	12.4 bp −$124	doesn't fit	doesn't fit

GLW on 17 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster GLWUSDT	0.0000%	8h	161.22	+0.185%	$41K	$1K	20x	as long as short
Bybit GLWUSDTlong	0.0000%	8h	160.92	long leg	$923K	$200K	25x
Gate GLW_USDT	0.0000%	8h	160.88	−0.025%	$2.2M	$4.2M	50x	as long as short
Bitget GLWUSDT	0.0000%	8h	160.97	+0.031%	$2.2M	$851K	20x	as long as short
SunX GLW-USDT	0.0000%	8h	161.01	+0.056%	$977	$1.8M	10x	as long as short
HTX GLW-USDT	0.0000%	8h	161.47	+0.342%	$17K	$16K	20x	as long as short
Paragon para:GLW	+0.0009%	1h	160.78	−0.089%	$313K	$40K	10x	as long as short
Vest GLW-USD-PERP	+0.0046%	1h	160.99	+0.043%	—	—	10x	as long as short
QFEX GLW-USDshort	+0.0050%	1h	160.85	−0.043%	$1.1M	$1.9M	10x
Ondo Perps GLW-USD.P	+0.0050%	1h	161.10	+0.112%	$301K	$108K	10x	as long as short

Show all 17 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT GLW_USDT_Perp	+0.0053%	8h	161.38	+0.287%	$87	$191K	10x	as long as short
KuCoin GLWUSDTM	+0.0100%	8h	160.93	+0.006%	$323K	$930K	20x	as long as short
Orderly PERP_GLW_USDC_mythos	+0.0100%	8h	161.01	+0.056%	$2K	$2K	10x	as long as short
OKX GLW-USDT-SWAP	+0.0189%	8h	160.83	−0.056%	$2.3M	$4.4M	20x	as long as short
Binance GLWUSDT	+0.0236%	8h	160.97	+0.030%	$10.6M	$21.9M	20x	as long as short
Extended GLW-USD	+0.0240%	1h	160.93	+0.006%	$2K	$1K	10x	as long as short
BloFin GLW-USDT	+0.0267%	8h	160.96	+0.025%	$152K	$36K	20x	as long as short